XRP Ledger Explodes 100% in Number of Payments: Are Bears Backing Down?

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP's technical breakdown Is XRP Ledger aiming at recovery? Advertisement XRP is showing early signs of stabilization on the price chart while its underlying network activity is quietly accelerating — an uncommon but important combination . XRP's technical breakdown From a technical standpoint, XRP has been stuck in a broader downtrend for months, consistently trading below its major moving averages. The 50, 100 and 200 EMAs remain overhead, acting as layered resistance and capping any meaningful upside attempts. However, recent price action suggests a shift in behavior. Instead of sharp rejections and lower lows, XRP is now forming a tighter structure with higher lows, supported by an ascending trendline. XRP/USDT Chart by TradingView This kind of compression typically indicates that selling pressure is weakening. Price is no longer being aggressively pushed down, and buyers are beginning to absorb supply at progressively higher levels. Still, XRP remains in a neutral-to-bearish structure overall until it can reclaim at least the 50 EMA and break the sequence of lower highs. HOT Stories XRP's Key Support Violated, Is Cardano's $0.25 Level Unbreakable? 3 Failed Shiba Inu Breakouts End Bullish Narrative: Crypto Market Review Binance's XRP Reserve Signals Demand, Shiba Inu Shorts Exit, Dogeoin Key Metric Turns Bullish — U.Today Crypto Digest Is XRP Ledger aiming at recovery? XRP Ledger has just recorded a sharp spike in payment activity, with the number of transactions between accounts surging roughly 100% within a 24-hour window. This is not a minor fluctuation; it is a meaningful increase in network usage, signaling renewed inflows and engagement. Spikes like this often reflect either increased utility demand or speculative capital rotating back into the ecosystem. Advertisement You Might Also Like Mon, 03/23/2026 - 12:54 XRP Futures Volume Surges 2,095% on CEX, Traders Exit Positions By Tomiwabold Olajide Historically, sustained increases in on-chain activity tend to precede or accompany price recovery phases. They indicate that the asset is being actively used, not just traded, which strengthens the underlying value proposition. However, a single-day spike is not enough to define a trend. What matters is whether this elevated activity persists over time. Right now, XRP sits at an intersection between improving fundamentals and still-fragile technicals. Advertisement If the increase in network activity continues and the price manages to reclaim key resistance levels, the market structure could shift toward a recovery phase. That would likely attract momentum traders and reinforce the inflow narrative. If not, the disconnect remains: strong network signals but weak price confirmation. At this stage, XRP is not in a confirmed uptrend , but the conditions for one are starting to build. #XRP #XRP Ledger